The strategy is the light to guide you ahead, not the hand to walk you through.
A digital strategy is cross-functional effort and multidisciplinary, multidimensional planning; it brings up new functions, roles, and responsibilities, collaboration, demand for intuition and emergence, complementarities, philosophy, neutron sciences, and trans-disciplinary businesses. But these are not new per se. The frameworks of thoughts, consciousness and maturity assessments apply to strategy, then, now and in the future.
The Monthly Strategy Highlight of the “Future of CIO” Blog Oct. 2015
- Three Questions to Assess a Person’s Ability to Think Strategically: There is no doubt that strategy becomes more important, not less in organizations large or small today, because of the fierce competition, rapid changes, and hyper uncertainty. Digital professionals have to continuously set up standards of competence and ability to enforce professional responsibility, with good intentions, and having capabilities to think strategically, but is there such one question to ask to determine a person’s ability to think strategically?
- Strategy Design vs. Strategy Execution: Which One is More Important: The word "strategy" is pretty amorphous with so many individual interpretations and nuances of its meaning that conversations about it often go astray amidst a blizzard of the latest buzzwords. A strategy is a detailed plot to beat the competition, coauthored and in effect owned by a critical mass of thought leaders in a company. More than 70% of strategy execution fail to achieve the expected result. Is it caused by strategy or execution? Strategy design and strategy implementation, which one is more important?
- Five Aspects in Digital Strategy: Digital strategy is the compass to navigate through the digital transformation journey in organizations today. So it's important to outline the strategic intent and frame the strategy to be understandable and implementable. Otherwise, people's different interpretations yield many unintended consequences. Then, it is vital to actively socialize the strategy to confirm its intent and understandability by those who will guide the implementation. Here are five aspects in crafting and implementing a digital strategy.
- Vision vs. Strategy: Vision is where or who you want to be and Strategy is how you can achieve or reach your goal. An unclear vision leads to defective strategy. Visions inspire; strategies compel; vision comes first, but sometimes vision appears and gets clear by working on the strategy. A vision describes the desired future position of the company. A strategy is an action or ways chosen to bring about the desired future, such as achievement of a goal.
- Digital Master Chapter III Introduction -Digital Strategy: A digital strategy is cross-functional effort and multidisciplinary, multidimensional planning; it brings up new functions, roles and responsibilities, collaboration, demand for intuition and emergence, complementarities, philosophy, neutron sciences, and trans-disciplinary businesses. But these are not new per se. The frameworks of thoughts, consciousness and maturity assessments apply to strategy, then, now and in the future, read "Digital Master - Debunk the Enterprise Digital Maturity t" to explore the magic components of a good digital strategy.
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